Change of CEO to OMV Petrom after 10 years
>>>Christina Verchere designated CEO and President of the Executive Board of OMV Petrom S.A.
By Emea Riga
The Supervisory Board of OMV Petrom S.A. appointed, today, Christina Verchere (46) as the new President of the Executive Board and Chief Executive Officer (CEO) of OMV Petrom. In line with OMV Petrom’s articles of association, the appointment has been made for the remaining term of the mandate granted to Mariana Gheorghe, until April 16, 2019. Christina Verchere accepted her appointment and she will assume the position depending on her availability, at the latest with effect from May 21, 2018.
During the next months, Christina Verchere and Mariana Gheorghe will work closely together to ensure a smooth transition and to help the company reach its growth potential and achieve its ambitious objectives.
Rainer Seele, President of the Supervisory Board of OMV Petrom S.A. and CEO of OMV Group: “Christina Verchere is an exceptional leader in the oil and gas industry, with a remarkable breadth of understanding of the business. We are delighted that she joins OMV Group as the CEO of our most important subsidiary, OMV Petrom S.A.. Christina Verchere’s selection came after a comprehensive assessment of internal and external candidates led by the Supervisory Board. In the past decade, OMV Petrom has transformed into an international competitive and highly profitable company under the leadership of Mariana Gheorghe. We would like to express our gratitude for Mariana Gheorghe’s leadership and strong performance dedicated to OMV Petrom during the past 12 years.”
Mariana Gheorghe, CEO and President of the Executive Board of OMV Petrom S.A.: “After twelve tremendously intense years with OMV Petrom I consider it is the right time to leave and for Christina Verchere and a new generation of leaders to continue to build a great company. I am honored to have been involved in the transformation of OMV Petrom and developing its growth potential.”
Christina Verchere, the designated CEO and President of the Executive Board of OMV Petrom S.A., on her appointment: “OMV Petrom is an outstanding company with huge potential, broad expertise and first class staff. I am delighted to take on this responsibility and excited about moving to Bucharest.”
After her studies in Economics at the University of Aberdeen, Scotland, Christina Verchere started her career in 1993 and has spent over 20 years with an oil and gas supermajor, where she held numerous leadership positions in the UK, the US as well as in Canada. Since 2014 she has been the Regional President of the Asia Pacific region, located in Jakarta, Indonesia.
OMV Petrom is the largest integrated oil and gas group in Southeastern Europe, with an annual oil and gas production of approximately 64 mn boe in 2016. The Group has a refining capacity of 4.5 mn tons / year and operates an 860 MW high efficiency power plant. The group is present on the oil products retail markets in Romania and neighboring countries through 787 filling stations, as of end September 2017, under two brands – Petrom and OMV.
OMV, one of Austria's largest listed industrial companies, holds a 51.01% stake in OMV Petrom. The Romanian state, via the Ministry of Energy, holds 20.64% of OMV Petrom shares, Fondul Proprietatea holds 9.9985%, and 18.35% is free float on the Bucharest Stock Exchange and London Stock Exchange.
OMV Petrom is the largest contributor to the state budget, with over EUR 24.5 billion paid in taxes, contributions and dividends between 2005 and September 2017.
Starting 2007, OMV Petrom has integrated the principles of corporate responsibility into its business strategy. In this period, the company has allocated approx. EUR 49 mn for the development of communities in Romania, focusing on environmental protection, education, health and local development. (rbj/09.01.2017)
Adrian Tanase, the new CEO of BVB
By Andra Beltz
The Bucharest Stock Exchange (BVB) board appointed Adrian Tanase as the new CEO. Tanase has administered the pensions funds of NN and ING in the last 9 years, according to profit.ro.
Tanase was Chief Investment Officer at NN Pensii, the administrators of financial assets. He has been involved in the assets’ administration of the Pillar II since the launch of the pensions fund ING in 2008.
The Board of Directors took note of Sobolewski’s resignation on November 1 and appointed Marius-Alin Barbu as interim General Manager.(29.11.2017
TotalSoft appoints Yusuf Önder Eren as CEO
TotalSoft, one of the leading software providers in Romania and part of innovative software company Logo Yazılım A.Ş (Logo), announces the appointment of Yusuf Önder Eren as Chief Executive Officer, to drive the company’s international development, as well as its long-term growth. Yusuf Önder Eren replaces Liviu Drăgan, who will continue to be part of the organization, as member of the board.
Yusuf Önder Eren, who takes on the leadership of TotalSoft’s operations, brings over 40 years of experience in business management, having previously held executive positions in several international companies. He has been a board member within TotalSoft since September 2016, and also a member of the board of Logo for seven years. His successful track record encompasses new markets development and expansion for organizations in fields such as IT, energy, construction and retail.
“We would like to thank Liviu Drăgan, one of the pioneers in the Romanian IT sector, who together with an exceptional team of professionals, has build TotalSoft into a solid and reliable company with a strong market reputation”, stated Tugrul Tekbulut, Chairman of the Board, Logo, the company that owns TotalSoft.
Mr. Tugrul Tekbulut added: “TotalSoft plays an important role within our strategy to grow and expand globally, and we are confident that under Mr. Yusuf Önder Eren’s leadership, the company will successfully develop in new areas, while continuing to offer the best products and services to its existing and potential clients. At the same time, our plan is to further capitalize upon TotalSoft’s award-winning innovative products and business solutions such as Charisma and Leasing software. We are committed to investing in both people and technology, as our aim is to further grow the Charisma brand and develop the financial industry solutions, bringing them to wide international markets”.
Logo Yazılım A.Ş, the largest independent software provider in Turkey boasting a team of almost 600 employees and 800 business partners, acquired TotalSoft in autumn 2016, as part of its strategy to further expand into international markets.
Established in 1994, TotalSoft is one of the most important providers of business software systems (ERP, HCM, CRM, DM and BI) in Central Europe. TotalSoft is the preferred ERP solutions provider in Romania and one of the top 10 global providers of software solutions for the leasing industry.TotalSoft’s top products, Charisma ERP, Charisma HCM and Charisma CRM, are market leader products in Romania, with relevant references in 9 industries: financial services, retail, distribution, production, construction, agriculture, energy, medical and services. Currently, TotalSoft has a team of 440 software specialists and projects in 46 countries on 4 continents.
In autumn 2016, TotalSoft was acquired by Logo Business Investment S.A. (Logo), the largest independent software provider in Turkey. With over 30 years experience, Logo is one of the fastest growing software companies, delivering innovative solutions and services through more than 800 partners. The company is present on 45 international markets serving over 85,000 customers in Europe, Middle East, Africa and Asia. Logo is the first publicly traded IT company in Turkey, with a market cap exceeding $400 million.(rbj/2.05.2017)
JLL appoints Silviana Petre Badea to lead Romania business
JLL has appointed Silviana Petre Badea as Managing Director of its Romanian business, based in Bucharest, with effect from 1 March 2017. Ms. Petre Badea joined JLL at the start of 2015 to lead its capital markets business in Romania. During this time she has spearheaded the expansion and evolution of the team and services offered to clients, with JLL continuing to enjoy the largest market share of capital markets transactions in the country.
For the past two years, JLL's Romanian business has been managed by Andrew Peirson as part of a dual role that included the management of the South Eastern Europe region based out of Belgrade, Serbia. Mr. Peirson will continue to manage the region, with Ms. Badea reporting to him in her new role.
Andrew Peirson, Managing Director – SEE, JLL, commented: "We are delighted to have Silviana leading our Romanian business, especially given her successful track record and reputation as one of the industry's most respected capital markets advisers in the country. She has been instrumental in expanding JLL's business in Romania, including the establishment of a successful corporate finance division, and will remain focused on driving sustainable growth and client service excellence." Silviana Petre Badea, Managing Director, Romania, JLL, said: "I look forward to continuing to work with colleagues and clients in an exciting period for Romania and the Central Eastern Europe region broadly. I'd like to thank Andrew for his mentorship over the past two years and for leaving the business poised for expansion and opportunity. I am honoured to work within the JLL Romanian team that is one of the most senior in the market and ideally placed to support our clients in achieving their ambitions." JLL is a financial and professional services firm that specializes in commercial real estate services and investment management. JLL is in business to create and deliver real value through commercial real estate for clients, shareholders and our own people. In a complex world that is constantly changing, JLL is committed to helping you understand and navigate the intricacies of commercial real estate—whether you’re an investor or occupier of space.(rbj/27.02.2017)